For Sale
$1,100,000

100 Market St Rockland, MA 02370

Multi-tenant retail investment, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
132
This fee-simple, multi-tenant retail shopping center in Rockland, MA, presents a compelling investment opportunity. The 4,800 square foot property, built in 1986 and renovated in 1991, sits on a 0.4-acre lot at 100 Market Street, 02370. Currently 100% occupied by three tenants, including Domino's Pizza, it boasts a strong net lease structure with a 6.39% cap rate and a Net Operating Income (NOI) of $70,239. The asking price is $1,100,000 ($229.17/sq ft). Leases feature annual rental increases, with Domino's and another tenant showing 7% increases during renewal periods. The property benefits from a prime location with high visibility on Market Street (over 14,000 vehicles daily), surrounded by numerous national and local retailers, including CVS, McDonald's, and Target (within 1 mile). The area demonstrates strong demographics, with average household incomes exceeding $120,000 and high population density. A new roof was installed in April 2024. This two-story building offers a stable, high-yield investment in a thriving retail corridor.

Highlights

  • 100% Occupancy: Fully leased, stabilized strip center with strong food-oriented tenant mix.
  • Brand New Roof: New roof installed April 2024.
  • Built-in Rent Growth: Leases feature annual rent increases, including Domino's and Santa Fe Burrito Grill renewal options.
  • Strong Retail Location: Surrounded by national and local retailers including CVS, McDonald's, 7-Eleven, Walgreens, Dunkin', Dollar Tree, O'Reilly Auto Parts, and within one mile of Target, Stop & Shop, Wendy's, Verizon, and Sunoco.
  • Affluent Demographics: Located in a high-density, affluent area with average household incomes between $120,327 and $142,723, and over 120,000 people within a 5-mile radius, exhibiting positive population growth.
  • High Visibility & Accessibility: Excellent visibility on Market Street with over 14,000 vehicles per day.

Property Details for 100 Market St

Property type
Lifestyle centers, Power centers
Square Feet
4,800 SF
Year Built/Renovated
1986/1991
Buildings
1
Stories
2
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Rockland
County
Plymouth
State
Massachusetts
Latitude
42.121616719868
Longitude
-70.916043648679

FAQs

What type of property is this?
Lifestyle center - Multi-tenant retail investment, high NOI.
Where is the lifestyle center located?
The property is located at 100 Market St Rockland, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 100% Occupancy: Fully leased, stabilized strip center with strong food-oriented tenant mix.; Brand New Roof: New roof installed April 2024.; Built-in Rent Growth: Leases feature annual rent increases, including Domino's and Santa Fe Burrito Grill renewal options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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100 Market St
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